Ken Xie - 18 Aug 2022 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role: President & CEO, Director
Signature: /s/ Robert Turner, by power of attorney
Issuer symbol: FTNT
Transactions as of: 18 Aug 2022
Net transactions value: +$1,429,800
Form type: 4
Filing time: 18 Aug 2022, 19:07:34 UTC
Previous filing: 03 Aug 2022
Next filing: 03 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTNT	Common Stock	Options Exercise	$1,429,800	+300,000	+0.48%	$4.77	63,248,610	18 Aug 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FTNT	Nonqualified Stock Option (right to buy)	Options Exercise	$0	-300,000	-100%	$0.000000^*	0	18 Aug 2022	Common Stock	300,000	$4.77	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person's holdings have been adjusted to reflect the 5-for-1 stock split of the Issuer's common stock that occurred on June 22, 2022.
F2	The number of shares subject to the option and the exercise price of the option have been adjusted to reflect the 5-for-1 stock split of the Issuer's common stock that occurred on June 22, 2022.
F3	The options are fully vested.